Thank you for your clarification. I have continued my search and have
found the information you seek.
The figure you have is much lower than the ones I found for global
exploration and production from recent years. I am providing links to
some recent estimates and actual figures that I located.
Most importantly, I have found specific data on oilfield exploration
and production services. According to data from the "Spears 2002
Oilfield Market Report" in a Schlumberger presentation, the total 2002
market size was $42.6 billion (page 8). Market data for several
categories of oilfield services is presented on page 7. Given the
estimates for the North American markets as a whole from the resources
below, I conclude this is global data.
"Schlumberger" presentation by Andrew Gould, Lehman Brothers Ceo
Energy/Power Conference (September 2, 2003)
http://media.corporate-ir.net/media_files/NYS/SLB/pdf/slb_090303.pdf
The 2004 Oilfield Market Report is available from Spears & Associates,
Inc. at http://www.spearsresearch.com/OMR/OMRMain.htm. Unfortunately,
it is quite expensive at $4150 for a single user or $7,500 for a
corporate license.
Here are various links describing exploration and production
expenditures as a whole:
"Exploration spending in the crucible" by Darius Snieckus, Asian Oil &
Gas (April 1, 2004) http://www.oilonline.com/news/features/aog/20040401.Explorat.14319.asp
This article provides global, United States, Canadian, and
international spending for 2003 and estimates for 2004.
"For though - or perhaps because - total worldwide spending on
exploration and production by oil companies, as the latest Original
E&P Spending Survey from Lehman Brothers reports, is expected to nose
up only 4% this year, to $144.3 billion from $138.7 billion in 2003,
the abiding reality remains that new discoveries are not bringing
enough new oil and gas onstream to offset the decline in output from
the traditional non-Opec producing regions.
The 4% rise in E&P expenditure calculated by Lehman Brothers is
necessarily a frontispiece to a more complex set of figures. Break-out
of the responses from 335 oil companies polled for this edition of the
survey - purportedly the 'largest, most comprehensive survey done on
oil and gas company E&P spending plans' - suggests that international
E&P expenditures should climb by a 'solid' 6.1% this year, to $98.1
billion from $92.4 billion in 2003, while the spend on Canadian E&P
will probably come out 'flat', down by 0.2% from last year at $13.6
billion, and, likewise, US E&P outlay will be 'off by 0.1%' compared
to 2003, at $32.6 billion."
"The Bright Side of $40 a Barrel" By Stephanie Anderson Forest in
Dallas, with Peter Coy in New York, Christopher Palmeri in Los
Angeles, and Laura Cohn in London, BusinessWeek (June 7, 2004)
http://www.businessweek.com/magazine/content/04_23/b3886047.htm
This article revises the global estimate for 2004 upwards to $147
billion (the same source is cited later in the year from the first
article).
Sincerely,
Wonko |
